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Answer Posted / bhargav selarka
indian accounting records expenses based on accrual
system.expenses are recorded when they become due rather
than when they are actually paid..therefore the term
accrued tax refers to an expense becoming due but not yet
paid.it should be disclosed as a current liabality
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One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
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